v3.26.1
Loss per share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Loss per share Loss per share
Basic earnings (loss) per share is computed using the weighted-average number of outstanding shares of common stock during the period, including vested restricted stock units ("RSUs"). Diluted earnings (loss) per share is computed using the weighted average number of outstanding shares of common stock and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares consist of incremental shares issuable upon the assumed exercise of stock options and vesting of unvested RSUs and PSUs. For the three months ended March 31, 2026, and 2025, the Company's Korean subsidiaries and equity method investees each had outstanding stock options that will be settled in each respective subsidiary or equity method investee's common shares. The numerator of the Company's earnings (loss) per share include the Parent's proportionate share of the diluted earnings or loss per share impact of outstanding subsidiaries and equity method investees' stock options.
The following table sets forth the computation of basic and diluted earnings (loss) per share for the three months ended March 31, 2026, and 2025, respectively, (in thousands of USD, except share and per share amounts):
Three Months Ended
March 31, 2026March 31, 2025
Basic earnings (loss) per share:
Net income (loss) attributable to WEBTOON Entertainment Inc.$(9,455)$(22,389)
Add: allocation to subsidiary / equity method investee participating security 1
(107)(87)
Net income (loss) attributable to WEBTOON Entertainment Inc.$(9,562)$(22,476)
Shares used in computation:
Weighted-average common shares outstanding133,618,587129,598,942
Basic earnings (loss) per share:$(0.07)$(0.17)
Diluted earnings (loss) per share:
Net income (loss) attributable to WEBTOON Entertainment Inc.$(9,562)$(22,476)
Add: dilutive impact of subsidiary / equity method investee stock options— (3)
Diluted net income (loss) attributable to WEBTOON Entertainment Inc.$(9,562)$(22,479)
Shares used in computation:
Weighted-average common shares outstanding133,618,587129,598,942
Dilutive effect of stock options and unvested RSUs
Dilutive effect of unvested PSUs
Diluted weighted-average common shares outstanding133,618,587129,598,942
Diluted earnings (loss) per share$(0.07)$(0.17)
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1.Represents net income/(loss) allocable to Jakga Company Inc. ("Jakga") redeemable convertible preferred stock which is a participating security per ASC 260.
The following potentially dilutive outstanding securities were excluded from the computation of diluted net earnings (loss) per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
Three Months Ended
March 31, 2026March 31, 2025
Stock options10,470,01710,824,760
Unvested RSUs4,270,8973,759,834
Unvested PSUs
267,720
Subsidiary / equity method investee stock options443,657332,597
Total15,452,29114,917,191